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Tim Sykes & Penny Stocks
#1
Anyone watch these videos of people turning “4,000 into 2 million in under a year” type of videos? Daytrading penny stocks seems fairly risky but they’re showing formulas that patterns that have 60-85% win ratios. If that’s the case, wouldn’t all their followers be wealthy just by trading  only the stocks that are raked about and promoted by Tim Sykes and others like him?
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#2
(07-22-2019, 01:02 PM)Paramedic12 Wrote: Anyone watch these videos of people turning “4,000 into 2 million in under a year” type of videos? Daytrading penny stocks seems fairly risky but they’re showing formulas that patterns that have 60-85% win ratios. If that’s the case, wouldn’t all their followers be wealthy just by trading  only the stocks that are raked about and promoted by Tim Sykes and others like him?

Haven't seen the videos. Penny stocks are ripe for "pump and dump" schemes because most don't have a single analyst at a major (or even medium sized) firm following them. I'd stay far, far away from them and anything Tim Sykes is selling.
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#3
I'm not a fan of Tim Skyes but I do use his calender for earrings reports. https://stocktwits.com/discover/earnings-calendar I scalp the Nasdaq and Gold and use his calender to make sure I am not caught in some news during my trade.

To answer your questions about him and his followers, someone needs to be on the other side of your trade. You need to make sure you are not holding the bag aka the trade or you lose when everyone cashes out.

I recommend this podcast if you want to trade without all the scammy bullshit. https://chatwithtraders.com/
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#4
(07-22-2019, 01:02 PM)Paramedic12 Wrote: Anyone watch these videos of people turning “4,000 into 2 million in under a year” type of videos? Daytrading penny stocks seems fairly risky but they’re showing formulas that patterns that have 60-85% win ratios. If that’s the case, wouldn’t all their followers be wealthy just by trading  only the stocks that are raked about and promoted by Tim Sykes and others like him?
I have seen his videos. It is very education but the main part he does not teach you to control your mention and it will become gamble with risky penny stocks. No many people can do very well on the penny stocks level. Can you tell me what kind trader are you?
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#5
I think you're most likely to lose money on penny stocks, but I like the idea of making millions off them. Not investment advice.
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#6
When their advice IS their product, it's not going to end well for your wallet.

First stop: the public library. If you feel yourself growing impatient with slow and free learning process, you're probably already hooked into their marketing funnel.
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